8-K 1 mlm03wm3_dec.txt DECEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 26, 2003 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2003-WMC3 Trust (Exact name of registrant as specified in its charter) 54-6553644 54-6553643 54-6553642 54-2126338 New York (governing law of 333-103927-07 54-2126339 Pooling and Servicing Agreement) (Commission 54-2126340 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On December 26, 2003 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Asset Backed Certificates, Series 2003-WMC3 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2003-WMC3 Trust, relating to the December 26, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2003-WMC3 Trust By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 1/8/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2003-WMC3 Trust, relating to the December 26, 2003 distribution.

Merrill Lynch Mortgage Investors, Inc. Mortgage Loan Asset-Backed Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 MLM Series: 2003-~~WM3~~WMC3 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution R MLM03WM3R RES 1.~~47000~~46875% 0.00 0.00 0.00 A-1 589929Z84 SEN 1.~~47000~~46875% ~~440~~423,~~969~~741,~~334~~250.7208 ~~576~~535,~~199~~929.9367 79,~~940~~405,~~902~~776.6837 A-2 589929Z92 SEN 1.~~48000~~47875% ~~273~~259,~~527~~268,~~297~~301.5319 ~~359~~330,~~840~~143.3596 6,~~853~~776,~~247~~382.5755 M-1 5899292B3 MEZ 1.~~72000~~71875% 23,794,000.00 3635,~~378~~215.3894 0.00 M-2 5899292C1 MEZ 1.~~82000~~81875% 38,609,000.00 6260,~~460~~467.7832 0.00 M-3 5899292D9 MEZ 2.~~77000~~76875% 49,383,000.00 ~~121~~117,~~591~~739.9201 0.00 M-4 5899292E7 MEZ 3.~~12000~~11875% 15,713,000.00 4342,~~577~~198.3968 0.00 B-1 5899292F4 SUB 4.~~12000~~11875% 11,223,000.00 4139,~~101~~804.1263 0.00 B-2 5899292G2 SUB 4.~~12000~~11875% 11,223,000.00 4139,~~101~~804.1263 0.00 B-3 5899292H0 SUB 4.~~12000~~11875% 11,223,000.00 4139,~~101~~804.1263 0.00 C MLM03WM3C OC 0.00000% 13,917,070.00 3,~~529~~293,~~653~~909.8741 0.00 P MLM03WM3P SEN 0.00000% 0.00 ~~125~~244,~~710~~595.2810 0.00 S 5899292A5 SEN 0.~~48000~~48125% 0.00 ~~373~~349,~~616~~835.9137 0.00 Totals ~~889~~858,~~581~~094,~~702~~621.2527 5,~~352~~129,~~333~~448.1735 1416,~~794~~182,~~150~~158.2592

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 A-1 0.00 ~~433~~414,~~028~~335,~~432~~473.0471 89,~~517~~941,~~102~~706.6104 0.00 A-2 0.00 ~~266~~252,~~674~~491,~~049~~918.9664 7,~~213~~106,~~087~~526.9251 0.00 M-1 0.00 23,794,000.00 3635,~~378~~215.3894 0.00 M-2 0.00 38,609,000.00 6260,~~460~~467.7832 0.00 M-3 0.00 49,383,000.00 ~~121~~117,~~591~~739.9201 0.00 M-4 0.00 15,713,000.00 4342,~~577~~198.3968 0.00 B-1 0.00 11,223,000.00 4139,~~101~~804.1263 0.00 B-2 0.00 11,223,000.00 4139,~~101~~804.1263 0.00 B-3 0.00 11,223,000.00 4139,~~101~~804.1263 0.00 C 0.00 13,917,070.00 3,~~529~~293,~~653~~909.8741 0.00 P 0.00 0.00 ~~125~~244,~~710~~595.2810 0.00 S 0.00 0.00 ~~373~~349,~~616~~835.9137 0.00 Totals 0.00 ~~874~~841,~~787~~912,~~552~~462.0035 2021,~~146~~311,~~483~~607.4227 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) R 100.00 0.00 0.00 0.00 0.00 0.00 A-1 445,076,000.00 ~~440~~423,~~969~~741,~~334~~250.7208 0.00 79,~~940~~405,~~902~~776.6837 0.00 0.00 A-2 277,714,000.00 ~~273~~259,~~527~~268,~~297~~301.5319 0.00 6,~~853~~776,~~247~~382.5755 0.00 0.00 M-1 23,794,000.00 23,794,000.00 0.00 0.00 0.00 0.00 M-2 38,609,000.00 38,609,000.00 0.00 0.00 0.00 0.00 M-3 49,383,000.00 49,383,000.00 0.00 0.00 0.00 0.00 M-4 15,713,000.00 15,713,000.00 0.00 0.00 0.00 0.00 B-1 11,223,000.00 11,223,000.00 0.00 0.00 0.00 0.00 B-2 11,223,000.00 11,223,000.00 0.00 0.00 0.00 0.00 B-3 11,223,000.00 11,223,000.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 Totals 883,958,100.00 ~~875~~844,~~664~~177,~~632~~551.2527 0.00 1416,~~794~~182,~~150~~158.2592 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution R 0.00 0.00 0.00000000 0.00 A-1 79,~~940~~405,~~902~~776.6837 ~~433~~414,~~028~~335,~~432~~473.0471 0.~~97293144~~93093196 79,~~940~~405,~~902~~776.6837 A-2 6,~~853~~776,~~247~~382.5755 ~~266~~252,~~674~~491,~~049~~918.9664 0.~~96024705~~90917965 6,~~853~~776,~~247~~382.5755 M-1 0.00 23,794,000.00 1.00000000 0.00 M-2 0.00 38,609,000.00 1.00000000 0.00 M-3 0.00 49,383,000.00 1.00000000 0.00 M-4 0.00 15,713,000.00 1.00000000 0.00 B-1 0.00 11,223,000.00 1.00000000 0.00 B-2 0.00 11,223,000.00 1.00000000 0.00 B-3 0.00 11,223,000.00 1.00000000 0.00 P 0.00 0.00 0.00000000 0.00 Totals 1416,~~794~~182,~~150~~158.2592 ~~860~~827,~~870~~995,~~482~~392.0035 0.~~97388155~~93669077 1416,~~794~~182,~~150~~158.2592

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A-1 445,076,000.00 ~~990~~952.~~77311452~~06492842 0.00000000 1721.~~84167801~~13296689 0.00000000 A-2 277,714,000.00 ~~984~~933.~~92440975~~58023431 0.00000000 24.~~67735717~~40057955 0.00000000 M-1 23,794,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 38,609,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 49,383,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 15,713,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 11,223,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 11,223,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 11,223,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 13,917,390.65 999.97696048 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00 0.00000000 0.00000000 0.00000000 0.00000000 All Classes are Per $1000 Denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 1721.~~84167801~~13296689 ~~972~~930.~~93143652~~93196153 0.~~97293144~~93093196 1721.~~84167801~~13296689 A-2 0.00000000 24.~~67735717~~40057955 ~~960~~909.~~24705258~~17965475 0.~~96024705~~90917965 24.~~67735717~~40057955 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 999.97696048 0.99997696 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall R 100.00 1.~~47000~~46875% 0.00 0.00 0.00 0.00 A-1 445,076,000.00 1.~~47000~~46875% ~~440~~423,~~969~~741,~~334~~250.7208 ~~576~~535,~~199~~929.9369 0.00 0.00 A-2 277,714,000.00 1.~~48000~~47875% ~~273~~259,~~527~~268,~~297~~301.5319 ~~359~~330,~~840~~143.3697 0.00 0.00 M-1 23,794,000.00 1.~~72000~~71875% 23,794,000.00 3635,~~378~~215.3895 0.00 0.00 M-2 38,609,000.00 1.~~82000~~81875% 38,609,000.00 6260,~~460~~467.7832 0.00 0.00 M-3 49,383,000.00 2.~~77000~~76875% 49,383,000.00 ~~121~~117,~~591~~739.9202 0.00 0.00 M-4 15,713,000.00 3.~~12000~~11875% 15,713,000.00 4342,~~577~~198.3968 0.00 0.00 B-1 11,223,000.00 4.~~12000~~11875% 11,223,000.00 4139,~~101~~804.1263 0.00 0.00 B-2 11,223,000.00 4.~~12000~~11875% 11,223,000.00 4139,~~101~~804.1263 0.00 0.00 B-3 11,223,000.00 4.~~12000~~11875% 11,223,000.00 4139,~~101~~804.1263 0.00 0.00 C 13,917,390.65 0.00000% 13,917,070.00 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 S 0.00 0.~~48000~~48125% ~~875~~844,~~664~~177,~~632~~551.2527 ~~373~~349,~~616~~835.9138 0.00 0.00 Totals 897,875,490.65 1,~~696~~590,~~969~~943.0390 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance R 0.00 0.00 0.00 0.00 0.00 A-1 0.00 0.00 ~~576~~535,~~199~~929.9367 0.00 ~~433~~414,~~028~~335,~~432~~473.0471 A-2 0.00 0.00 ~~359~~330,~~840~~143.3596 0.00 ~~266~~252,~~674~~491,~~049~~918.9664 M-1 0.00 0.00 3635,~~378~~215.3894 0.00 23,794,000.00 M-2 0.00 0.00 6260,~~460~~467.7832 0.00 38,609,000.00 M-3 0.00 0.00 ~~121~~117,~~591~~739.9201 0.00 49,383,000.00 M-4 0.00 0.00 4342,~~577~~198.3968 0.00 15,713,000.00 B-1 0.00 0.00 4139,~~101~~804.1263 0.00 11,223,000.00 B-2 0.00 0.00 4139,~~101~~804.1263 0.00 11,223,000.00 B-3 0.00 0.00 4139,~~101~~804.1263 0.00 11,223,000.00 C 0.00 0.00 3,~~529~~293,~~653~~909.8741 0.00 13,917,070.00 P 0.00 0.00 ~~125~~244,~~710~~595.2810 0.00 0.01 S 0.00 0.00 ~~373~~349,~~616~~835.9137 0.00 ~~860~~827,~~870~~995,~~482~~392.0035 Totals 0.00 0.00 5,~~352~~129,~~333~~448.1735 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall R 100.00 1.~~47000~~46875% 0.00000000 0.00000000 0.00000000 0.00000000 A-1 445,076,000.00 1.~~47000~~46875% ~~990~~952.~~77311452~~06492842 1.~~29461020~~20413073 0.00000000 0.00000000 A-2 277,714,000.00 1.~~48000~~47875% ~~984~~933.~~92440975~~58023431 1.~~29572279~~18879124 0.00000000 0.00000000 M-1 23,794,000.00 1.~~72000~~71875% 1000.00000000 1.~~52888880~~48003488 0.00000000 0.00000000 M-2 38,609,000.00 1.~~82000~~81875% 1000.00000000 1.~~61777772~~56614572 0.00000000 0.00000000 M-3 49,383,000.00 2.~~77000~~76875% 1000.00000000 2.~~46222222~~38420145 0.00000000 0.00000000 M-4 15,713,000.00 3.~~12000~~11875% 1000.00000000 2.~~77333355~~68559028 0.00000000 0.00000000 B-1 11,223,000.00 4.~~12000~~11875% 1000.00000000 3.~~66222222~~54670142 0.00000000 0.00000000 B-2 11,223,000.00 4.~~12000~~11875% 1000.00000000 3.~~66222222~~54670142 0.00000000 0.00000000 B-3 11,223,000.00 4.~~12000~~11875% 1000.00000000 3.~~66222222~~54670142 0.00000000 0.00000000 C 13,917,390.65 0.00000% 999.97696048 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00 0.~~48000~~48125% ~~990~~954.~~61780445~~99724622 0.~~42266360~~39576014 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 0.00000000 1.~~29461020~~20413069 0.00000000 ~~972~~930.~~93143652~~93196153 A-2 0.00000000 0.00000000 1.~~29572276~~18879120 0.00000000 ~~960~~909.~~24705258~~17965475 M-1 0.00000000 0.00000000 1.~~52888880~~48003446 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.~~61777772~~56614572 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~46222222~~38420124 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.~~77333355~~68559028 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~66222222~~54670142 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.~~66222222~~54670142 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.~~66222222~~54670142 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~253~~236.~~61462926~~67578879 0.00000000 999.97696048 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 S 0.00000000 0.00000000 0.~~42266360~~39576013 0.00000000 ~~973~~936.~~88154710~~69076888 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2021,~~382~~565,~~662~~245.9060 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 22229,~~398~~429.6999 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(151,937.0096) Prepayment Penalties ~~125~~244,~~710~~595.2810 Total Deposits 2021,~~530~~887,~~771~~332.8773 Withdrawals Reimbursement for Servicer Advances 2207,~~266~~394.3313 Payment of Service Fee ~~382~~368,~~022~~331.1233 Payment of Interest and Principal 2021,~~146~~311,~~483~~607.4227 Total Withdrawals (Pool Distribution Amount) 2021,~~530~~887,~~771~~332.8773 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~370~~357,~~531~~247.6959 Credit Risk Manager Fee 11,~~490~~083.4374 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~382~~368,~~022~~331.1233

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 09 01 0 010 01,444,800.0065 0149,615.0011 0.00 01,594,415.0076 30 Days 13222 01 0 0 13223 236,~~409~~854,~~882~~988.2665 0312,431.0033 0.00 0.00 237,~~409~~167,~~882~~419.2698 60 Days 365 0 03 0 368 ~~539~~10,~~628~~587,851.7838 0.00 0798,510.0029 0.00 ~~539~~11,~~628~~386,361.7867 90 Days 149 0 03 0 152 988,~~000~~640,752.0035 0.00 0639,065.0066 0.00 989,~~000~~279,818.0001 120 Days 0 0 02 0 02 0.00 0.00 0541,678.0022 0.00 0541,678.0022 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 17336 010 09 0 17355 356,~~047~~083,~~511~~592.0438 01,757,231.0098 02,128,869.0028 0.00 359,~~047~~969,~~511~~693.0464 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~000000~~174351% 0.~~000000~~019372% 0.000000% 0.~~000000~~193723% 0.~~000000~~171481% 0.~~000000~~017758% 0.000000% 0.~~000000~~189239% 30 Days 04.~~244040~~300659% 0.~~000000~~019372% 0.000000% 0.000000% 04.~~244040~~320031% 04.~~275302~~374269% 0.~~000000~~037082% 0.000000% 0.000000% 04.~~275302~~411351% 60 Days 01.~~056317~~259202% 0.000000% 0.~~000000~~058117% 0.000000% 01.~~056317~~317319% 01.~~061646~~256658% 0.000000% 0.~~000000~~094774% 0.000000% 01.~~061646~~351432% 90 Days 0.~~018772~~949244% 0.000000% 0.~~000000~~058117% 0.000000% 01.~~018772~~007361% 01.~~011195~~025559% 0.000000% 0.~~000000~~075850% 0.000000% 01.~~011195~~101409% 120 Days 0.000000% 0.000000% 0.~~000000~~038745% 0.000000% 0.~~000000~~038745% 0.000000% 0.000000% 0.~~000000~~064291% 0.000000% 0.~~000000~~064291% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 06.~~319129~~509105% 0.~~000000~~193723% 0.~~000000~~174351% 0.000000% 06.~~319129~~877179% 06.~~348143~~656486% 0.~~000000~~208563% 0.~~000000~~252673% 0.000000% 07.~~348143~~117722% Delinquencies are stratified according to information the servicer has provided

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 22229,~~398~~429.6999

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~565774~~558778% Weighted Average Net Coupon 7.~~065946~~059187% Weighted Average Pass-Through Rate 7.~~050446~~043687% Weighted Average Maturity(Stepdown Calculation ) ~~337~~335 Beginning Scheduled Collateral Loan Count 5,~~407~~247 Number Of Loans Paid In Full 8085 Ending Scheduled Collateral Loan Count 5,~~327~~162 Beginning Scheduled Collateral Balance ~~889~~858,~~581~~094,~~702~~621.2527 Ending Scheduled Collateral Balance ~~874~~841,~~787~~912,~~552~~462.0035 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~875~~842,~~360~~540,~~878~~557.4427 Monthly P &I Constant 6,~~314~~091,~~996~~833.1950 Special Servicing Fee 0.00 Prepayment Penalties ~~125~~244,~~710~~595.2810 Realized Loss Amount 0151,937.0096 Cumulative Realized Loss 0151,937.0096 Ending Scheduled Balance for Premium Loans ~~874~~841,~~787~~912,~~552~~462.0035 Scheduled Principal ~~706~~691,~~351~~622.1732 Unscheduled Principal 1415,~~087~~490,~~799~~536.0860 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 13,917,070.00 Overcollateralized Amount 13,917,070.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0151,937.0096 Excess Cash Amount 3,~~529~~445,~~653~~847.8776

Miscellaneous Reporting # OF LOANS WITH PREPAYMENT PENALTIES 2844 CUMULATIVE PREPAYMENT PENALTIES ~~$202~~667,~~803~~377.9228 TRIGGER EVENT NO

Group Level Collateral Statement Group A A B Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 8.~~662781~~629658 7.~~264498~~256380 7.~~543682~~514423 Weighted Average Net Rate 8.~~162781~~131587 6.~~764498~~756380 7.~~043683~~015237 Weighted Average Maturity ~~330~~328 ~~330~~328 ~~350~~348 Beginning Loan Count 1,~~768~~718 2,~~086~~029 ~~430~~421 Loans Paid In Full 25 2537 43 Ending Loan Count 1,~~743~~693 21,~~061~~992 ~~426~~418 Beginning Scheduled Balance ~~160~~155,~~380~~252,~~675~~883.3377 ~~388~~376,~~401~~301,~~991~~698.1204 6362,~~629~~268,~~034~~618.1174 Ending scheduled Balance ~~157~~153,~~739~~050,~~633~~792.1238 ~~383~~369,~~102~~074,~~130~~563.6587 6261,~~942~~322,~~810~~505.9837 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant 1,~~273~~231,~~673~~056.3198 2,~~664~~581,~~149~~888.9573 ~~460~~449,~~149~~720.8975 Scheduled Principal ~~115~~114,~~887~~574.8130 ~~312~~306,~~861~~398.99 60 59,~~152~~793.2148 Unscheduled Principal 2,~~525~~087,~~154~~517.4009 46,~~986~~920,~~998~~735.4857 ~~626~~886,~~070~~319.9289 Scheduled Interest 1,~~157~~116,~~785~~482.5068 2,~~351~~275,~~287~~490.9613 ~~399~~389,~~997~~927.6827 Servicing Fees 6664,~~825~~439.2811 ~~161~~156,~~834~~792.1637 2625,~~512~~903.0800 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 2,~~071~~005.5836 54,~~016~~860.8657 ~~821~~804.8830 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,~~088~~050,~~888~~038.6421 2,~~184~~113,~~436~~837.9419 ~~372~~363,~~663~~219.7297 Realized Loss Amount 0111,762.0016 0.00 0.00 Cumulative Realized Loss 0111,762.0016 0.00 0.00 Percentage of Cumulative Losses 0.000695 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.~~147281~~116087 6.~~748998~~740880 76.~~028182~~999737

Group Level Collateral Statement Group B Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~358259~~348405 7.~~565774~~558778 Weighted Average Net Rate 6.~~858259~~848405 7.~~065946~~059187 Weighted Average Maturity ~~350~~348 ~~337~~335 Beginning Loan Count 1,~~123~~079 5,~~407~~247 Loans Paid In Full 2620 8085 Ending Loan Count 1,~~097~~059 5,~~327~~162 Beginning Scheduled Balance ~~277~~264,~~170~~271,~~001~~420.6972 ~~889~~858,~~581~~094,~~702~~621.2527 Ending scheduled Balance ~~271~~258,~~002~~464,~~977~~600.2573 ~~874~~841,~~787~~912,~~552~~462.0035 Record Date 0911/30/2003 0911/30/2003 Principal And Interest Constant 1,~~917~~829,~~023~~167.04 6,~~314~~091,~~996~~833.1950 Scheduled Principal ~~217~~210,~~449~~855.1694 ~~706~~691,~~351~~622.1732 Unscheduled Principal 5,~~949~~595,~~575~~964.2805 1415,~~087~~490,~~799~~536.0860 Scheduled Interest 1,~~699~~618,~~573~~311.8810 5,~~608~~400,~~645~~211.0218 Servicing Fees ~~115~~110,~~487~~113.5011 ~~370~~357,~~659~~247.0259 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 3,~~580~~413.1151 11,~~490~~083.4374 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 1,~~580~~504,~~506~~784.2748 5,~~226~~031,~~495~~879.5785 Realized Loss Amount 040,175.0080 0151,937.0096 Cumulative Realized Loss 040,175.0080 0151,937.0096 Percentage of Cumulative Losses 0.000144 0.000169 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~842759~~832905 7.~~050446~~043687

Filing Compare · MERRILL LYNCH MORT INV INC MORT LN AS BK CERT SE 2003 WMC3